Trump waives Russia sanctions, drawing Congress outrage
What happened
President Donald Trump waived several Russia-related sanctions that were to take effect under a new US law, citing national security concerns and a desire to keep peace negotiations going. The decision has drawn outrage from Congress and prompted Ukrainian President Zelenskyy to warn that US support of Putin is a "historic mistake." A growing chorus of House Republicans is warning they are ready to block additional Pentagon funding unless the administration gets tougher on Russia.
What it means for markets
The waiver removes a near-term risk of tighter Russia sanctions, which may ease pressure on oil prices as more Russian fuel supplies may enter markets. However, the fraying of US support for Ukraine raises uncertainty for European defense stocks and the euro. The threat of blocked Pentagon funding adds a new fiscal and defense-sector uncertainty.
What to watch
- Trump's 60-day review period for Russia sanctions per Rubio
- Any deal between Trump and Zelensky to halt strikes on Russian energy infrastructure
- Pentagon funding vote in House linked to Russia stance
Source timeline
- sputnikglobe Trump Holds Back on Russia Sanctions as Ukraine Talks Advance
- National Trump pause on Russia sanctions triggers pushback from Pennsylvania
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- The Hill Former NATO commander: 'No balance' to Trump decision 'to give in to Russia'
- Bloomberg Trump open to Putin, Xi summit but would focus on nuclear arms
- The Hill GOP, Trump, Hegseth tangle on Russia amid rising midterm pressures: Live discussion
- The Hill Wicker calls on Trump, Zelensky to broker deal to stop strikes on Russian energy infrastructure
- Reuters Trump's Russia sanctions waiver eases India's energy woes, lifts trade deal chances
- newcastleherald.com.au Trump says he doesnt want to drive Russia away
- Reuters Oil slips as Trump's sanction waiver may lead to more Russian fuel supplies
- BBC Trump says suspension of Russia sanctions is to keep peace negotiations going
- The Hill Zelensky warns US support of Putin is a 'historic mistake'
- The Hill Republicans warn that Pentagon funds will hinge on Trump getting tougher with Russia
- Reuters Rubio says Trump to take up to 60 days to weigh Russia sanctions
- BBC Trump waives several Russia sanctions as row with Zelensky intensifies
- 2news Trump decision to waive Russian sanctions outrages Congress , but no quick counter seen
- 2news Zelenskyy urges support for new US sanctions on Russia put on hold by Trump
- The Hill Ukraine faces grim question of whether it can take on Russia without US backing
- Ukraine relationship Ex - national security adviser issues warning amid fraying US
- Ukraine relationship frays Trump waives Russian sanctions as US
- BBC Trump waives several Russia sanctions as new US law takes effect
- newcastleherald.com.au Trump waives many Russia - related sanctions and tariffs
- Reuters Trump waives many Russia-related sanctions, tariffs before they were to take effect under new law